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Ironclad

AI-powered contract management platform that automates and streamlines the entire contract lifecycle for businesses.

Pricing
Enterprise contract
Built for
In-house legal teams
Funding
Series E
Team size
201-500
Founded
2014

Use cases

Contract draftingContract review/RedliningDocument summarizationKnowledge managementCompliance monitoring

Practice areas

Corporate / M&A

Company

Ironclad, accessible at ironcladapp.com, is a company that provides contract lifecycle management (CLM) software. Their platform helps businesses automate and manage the entire contract process, from creation and negotiation to execution and storage. Ironclad offers AI-powered features, such as contract data extraction, workflow automation, and analytics, which streamline contract review and management. The AI product is designed to assist legal, procurement, sales, and operations teams by automating routine contract tasks, identifying key terms, and providing actionable insights from contract data. The target audience includes enterprises and organizations seeking to improve efficiency, reduce risk, and gain better visibility into their contracting processes.

Use cases in depth

Ironclad offers two main products: 1. Ironclad Contract Lifecycle Management (CLM): - Digital contracting platform for legal teams - Standardizes and manages contracts from creation to execution and storage - Centralized repository for contracts and approvals 2. Ironclad Clickwrap: - Enables embedding online terms in websites or apps - Collects acceptances of terms at scale Linked functionality (Clickwrap for CLM) includes: - Public workflows: Create self-service contracts accessible via public URLs - Workflows with Click-to-Accept: Allows contract acceptance via a click instead of eSignature These features help automate, streamline, and manage the entire contract process digitally.

Practice area fit

Ironclad supports the practice area of Contract Lifecycle Management (CLM), which is most relevant to Corporate, M&A, Procurement, and Legal Operations. It is not specifically tailored to litigation, IP, employment, real estate, or other specialized legal practice areas, but rather focuses on the end-to-end management of contracts for business and legal teams. Key features and functions of Ironclad include: - AI-powered contract creation, review, negotiation, and execution - Workflow automation for contract processes - Centralized contract repository and search - Analytics and insights on contract data - Integrations with tools like Salesforce, Slack, Microsoft Word, DocuSign, and more - AI assistant (Jurist) for legal contract review and research - Support for legal ops, general counsel, procurement, sales, and IT teams - Secure, scalable, and compliant platform for enterprise use - APIs for custom integrations and developer resources Ironclad is recognized as a leader in the CLM space by Gartner and Forrester and is used by major companies across industries for streamlining and automating contract management.

Security & compliance

Ironclad is covered under SOC 2 Type II, ISO 27001, and is GDPR and CCPA compliant. However, Ironclad Signature is not yet HIPAA compliant.